Occidental Petroleum Co. (NYSE: OXY) stock and Warrant Buffett are often used in the same sentence these days. Even as Warren Buffett has raised his cash holdings in Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B), Occidental was one of the few stocks he has upped his stakes in.
As Occidental shares fell 30% off their highs, Buffett acquired 763,017 more shares on Feb. 7, 2025, upping its stake to 28.2% of the company, marking the sixth highest weighting of 4.63% in Berkshire’s portfolio.
